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Dikko urges defunct BIDEA shareholders to write

Dikko urges defunct BIDEA shareholders to write

Dikko urges defunct BIDEA shareholders to write

By Kabir Muhammad

Bwari  – The Bwari Area Council Chairman, Mr Musa Dikko, says Bwari Investment Development Enterprising Agency (BIDEA), was not mentioned in the hand over note he received on assumption of office.

Speaking with a correspondent of the News Agency of Nigeria (NAN) Correspondent in Bwari on Tuesday, Dikko advised erstwhile shareholders of the defunct agency write to the council to enable it to investigate the issue.

NAN recalls that BIDEA had distributed loans of over N1.5 million in November 2008 to some of its customers.

The then chairman of the council, Mr Isah Dara, had expressed optimism that the company would mature into fullfledged Investment Corporation.

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“This company God willing will very soon be quoted at the Nigerian Stock Exchange.’’

Dara said then that the council had performed in terms of empowerment and finance as the agency had given many unemployed youths employment opportunities.

“The company is a micro finance company which purchased 20 buses and 10 Golf cars for the unemployed youths apart from the company recruiting staff,’’ he said.

Dara had also said that the disbursement of the loans was part of his administration’s efforts to reduce poverty to the barest minimum.

However, NAN correspondent observed that the agency’s head office at Kubwa now houses other tenants without a trace of BIDEA.

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NAN learnt that the company had folded up more than two years ago while  the erstwhile shareholders  want the council to investigate the issue.